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What is the maturity value of a 4-year term deposit of $4351.72 at 6.4% compounded...

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Accounting

What is the maturity value of a 4-year term deposit of $4351.72 at 6.4% compounded semi-annually? How much interest did the deposit earn?

The maturity value of the term deposit is $

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

The amount of interest earned is $

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer & Explanation Solved by verified expert
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